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Kemet Corp: another rebound

Kemet Corp rebounded from the lower bound of a side trend at USD 4 once again on the daily chart. This time the rebound was accompanied by a false break out of the support level, while a bullish divergence occurred on the RSI chart. This signals that market participants may open positions upward toward the USD 5.50, if the gauge breaks out of the USD 4.50 level.